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20131210
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CNBC
Dec 3, 2013 9:00am EST
thing. tesla could be back, david. >> off its highs but still off 193% this year. >> solar city, tesla, the three big printers, especially voxel jet, they are not bound by the four walls of the abstract canvas. those abstract paintings go for a lot of money. >> you love that damian hearse. you'll take it all day long. >> i had a printer rothko. >> what do i know? i'm not about modern art. >> what i am about is that opening bell and it's coming up. more "squawk on the street" after this. [ male announcer ] here's a question for you. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energy efficiency could help americans save $300 billion each year. take the energy quiz. energy lives here. who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male ann
CNBC
Dec 3, 2013 2:00pm EST
top stories at this hour, how the detroit bankruptcy ruling may impact your city and state. tough day, perhaps some very good news for detroit and the auto industry and another story that will make you wonder, are we headed for a largely and humanless and jobless economy. we call it a pick me up. >> talk about the stomping in stocks, rally interrupted the dow and s&p 500 suffering their biggest one day drop. the dow on verge of its first three day losing streak since september as it dips to its lowest level in three weeks after saturday straight weeks of gains for the dow and s&p 500. interesting in today's session, we saw what we saw in yesterday's session that is the russell small cap index leading the way down under performing the markets in weakness in the financial today. to bob pisani at the big board. >> hello there. and here's what i'm seeing today and a lot of people have been asking the start of something. i don't see a big start, but i do see a little bit of signs of concerns. put up the full screen. the european close was poor today. had a great run in europe the last coup
CNBC
Dec 4, 2013 12:00pm EST
the financials all the time. i love the way these stocks are trading and look at citi. citi after being pulled off the reaction buy -- >> i loved the reaction today. >> they also raised from 58 to $60 on the target. that's exciting. >> and look for behavior average returns. >> exactly right. that's why when it dipped today, i said you know what, there's a great opportunity. the financials are turning. i grabbed someone, it got down to 51.60. i think it's going higher. >> i'm not as enthusiastic because i think that's impossible. in terms of where i would change my focus, away from interest rate sensitive stocks like housing and into interest rate sensitive stocks like banks that benefit from a steepening yield curve. >> not all rets are created equal. >> companies like reits. people have been chasing yield all year long with interest rates going up, reits will be less and less attractive. you have to be sensitive. >> it's normalization, interest rates going up is healthy for the market. well diversified portfolio. >> let's move. our next guest thinks it will be good for equities. one-time bear
CNBC
Dec 5, 2013 2:00pm EST
your city make the list of the best job markets in the country? we rank them. the surprising hottest sector of the stock market right now. >>> and on this 80th anniversary of thankfully the repeal of prohibition, the single best beer stock to own. cheers, melissa lee. >> cheers, brian sullivan. >>> take a look where we stand on the markets. the s&p 500 down for a fifth straight day. if that holds through this close, that would be the longest losing streak since late september. and in case you're wondering, the s&p hasn't declined for six straight sessions since july of 2012. weakness in the financials today, in the industrials sector as well. so let's check in with bob pisani at the nyse as well as rick santelli in chicago. bob, to you first. >> the important thing is five days in a row, haven't seen that in a while. and it's those rate-sensitive sectors having problems. 2.9% as we get right there on the ten-year. take a look here. telecom, utilities, housing, in emerging markets, they've had the biggest problems. elsewhere, if you look at some of the other ones, bank stocks normally
CNBC
Dec 9, 2013 6:00pm EST
that 30% of the traffic in a city is caused by people looking for parking. that's remarkable that so much energy is, is wasted. streetline has looked at the problem of parking, which has not been looked at for the last 30, 40 years, we wanted to rethink that whole industry, so we go and put out these sensors in each parking spot and then there's a mesh network that takes this information sends it over the internet so you can go find exactly where those open parking spots are. the collaboration with citi was important for providing us the necessary financing; allow this small start-up to go provide a service to municipalities. citi has been an incredible source of advice, how to engage with municipalities, how to structure deals, and as we think about internationally, citi is there every step of the way. so the end result is you reduce congestion, you reduce pollution and you provide a service to merchants, and that certainly is huge. losing thrusters. i need more power. give me more power! [ mainframe ] located. ge deep-sea fuel technology. a 50,000-pound, ingeniously wired machine that o
CNBC
Dec 4, 2013 1:00pm EST
, whether you're talking about new york city and de blasio or obama and the rest of the country. how much do you as a country or a nation want to offset these much bigger global forces and when do you kill the goose that lays the golden egg. that's the question. >> and you know, no country really does income quality terribly well that i know of. >> sweden, norway. >> some of those social democracies have had less of that. they don't have high-end wealth in the same way that we do here. anyh anyhow, it is an issue. >> it's a consequence of growth. >> inequality can lead to social unrest. >> all right. >> take one thing away sfli don't think we're going to solve it today but to the yahoo! poll and see what you think. here is our question of the day. the president speaking about income inequality. what is the solution? 19% of you say raise the minimum wage. 51% say more tax breaks for the middle class. 17% say raise taxes on the rich. >> surprising. >> and 13% say limit executive pay. sue? >> very interesting. all right. it's getting really cold out there. a cold snap gripping the western half
CNBC
Dec 5, 2013 6:00pm EST
, and 11 more in cities through texas. six stores in louisiana, two in oklahoma, one in arizona and new mexico. when you think of the alignment, you realize basically conn's is the retailer for the red hot oil and gas region. the company i believe is seeing the miracle of eagleford and permian playing out firsthand. the beginning of the earnings story that can buck the whirlpool of higher interest rates. and witnessing the wonder of job creation. talk about a cramer fave that won't quit. not to mention the need for so many workers to surround the beehives of activity. yep, this oil and gas boom, we're seeing a tremendous job multiplier playing out right now. think of what's happening with gtls, the company with the best technology for transforming natural gas into something similar to gasoline. as ceo sam thomas told us the other night, all the better to build the hard to construct big boxes that encompass the transfer technology and put them on boats to put them overseas. the company can't get enough workers to make these. i know welding requires a particular skill set that may not be
CNBC
Dec 5, 2013 5:00pm EST
gaining traction, it's nothing. so you know what? even down to 1749, go. >> solar city and tesla, shares of both stocks getting a bump on this news. we will talk about his company's plan to offer tesla batteries to customers. plus the box office telling a different story than the stock market. hunger games catching fire cleaning up over the weekend but the stock has been falling. we have got the vice chair of lion's gate and he's next. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. ♪ [ male announcer ] this december, experience the gift of true artistry and some of the best offe
CNBC
Dec 2, 2013 1:00pm EST
amount of force? or was it concentrated on one rail. >> it was heading to new york city early yesterday morning when it jumped the track. the engineer reportedly said he tried to apply the brakes that requires them to slow from 70 to 30. he says the brakes didn't work. the ntsb declines to speculate about the caught of the track, but at 4:30, the nssb plans to hold another press meeting. 9 this disrupted service for about 26,000 passengers, who take the hudson line of metro north each day, and that disruption is expected to continue until the ntsb completes its investigation and the mta is able to fix the tracks. >>> amazon is working on a new way to get -- it's a bird, a plane? no, it's amazon prime air. it has some risks. that's coming up next on "power lunch." we'll explain. n. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-25
CNBC
Dec 6, 2013 12:00pm EST
whether the hopes -- >> citi sees enough to upgrade. let's get back to headquarters and scott wapner and "halftime." >> all right, gentlemen, here's what we're following. 2014 playbook, an investor who's up more than 30% this year gives the xs and os on where your money should work next year. >>> call of the day. upgrade for linkedin sends that stock surging. the analyst who gave the bump gives you the reasons why. >>> we begin with the highlight of the today's first half of trading day. no doubt, a great jobs report and the big market reaction afterwards. stocks are soaring on the better-than-expected new, on track to reverse the five-day slide. certainly raises the question of whether stocks are finally ready to accept good news. it is "halftime," murph, let's play the action. >> let's do it. >> bring on the taper now, right in. >> you definitely bring it on. i look at today's action, and i'm not completely sold by this rally. we're up over 1,800 on the s&p. we had, remember, down five days coming into today, and a five or six handle bump up in the futures before the number came up
CNBC
Dec 4, 2013 6:00pm EST
can go find exactly where those open parking spots are. the collaboration with citi was important for providing us the necessary financing; allow this small start-up to go provide a service to municipalities. citi has been an incredible source of advice, how to engage with municipalities, how to structure deals, and as we think about internationally, citi is there every step of the way. so the end result is you reduce congestion, you reduce pollution and you provide a service to merchants, and that certainly is huge. yep. got all the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it for one flat rate. so i knit until it was full. you'd be crazy not to. is that nana? [ male announcer ] fedex one rate. simple, flat rate shipping liability of fedex. ♪ o canada >>> last friday, while america was working through the post-traumatic stress after thanksgiving i happened to stumble up on a terrific story in bloomberg. the canada's economy is the best in the last few years. while it's stoked by business investment and strong consumer spending. the canadian stock
CNBC
Dec 4, 2013 9:00am EST
. >> and a double whammy for financials. citi with a downgrade and we could see a tougher than expected volcker rule. >> and ron burgandy means green for dodge. sales fueled for the durango. >> news on concerns that the fed might scale back their bond buying program when they meet later this month. we'll get ism services and new home sales in about an hour from now. it's been said maybe december tapers right around the corner, jim, if numbers like this keep up. >> i think it's tough for yellen to come in, we start tapering and we get some big frackus in january. we forget the two parties hate each other. they tend not to accomplish anything. worst congress in history if you care about output. she's going to be reluctant do that. people are starting to talk about doing the over 250,000 jobs on friday and that means interest rates go to 3 and that means ultimately you can buy the banks. that's the one group that does better at high rates. >> net interest margin. if we get above 250, that would be a good thing. >> you're going good news/good news? >> i'm going with the jobs are good but not necessarily
CNBC
Dec 6, 2013 9:00am EST
. >> shares of dow component intel on the rise, citi pointing to increasing evidence of stabilization in corporate demand for pcs. we keep coming back to what meg whitman told us. >> exactly right, carl. that's what this is about. someone the other day said do we buy intel, it's a 4% yield. i've been waiting for pcs to stabilize so intel could travel from say 24 to 26, microsoft has traveled all the way. i'm waiting for the mobile strategy and i feel like that intel just talk about great people and i used to do a lot of work with intel. i keep hoping it's their time but they're still too pc oriented. >> there have been a few upgrades lately, not all to buy necessarily. but they have been mostly about the promise of mobile at intel. this is a little more concrete in. >> it is. if you believe in this upgrade, go by hewlett packard because it's the hewlett packard business that might be driving it or the enterprise, that's a fancy word that analysts use to say companies are liking it. >> even afters year hb has had -- >> yes, you want to own it. boom. you want to own it. >> talk about le
CNBC
Dec 3, 2013 1:00pm EST
. a judge allowing the city's chapter 9 bankruptcy filing to proceed, despite big protests. senior correspondent scott cohen is live in detroit to sort it out for us. >> tyler, saying detroit's situation is unworkable and dangerous, judge roads approved the largest municipal bankruptcy in u.s. history. will allow detroit to get considerable relief from its creditors including its unions which have a lot of unfunded pension obligations. the mayor who presides over detroit's bankruptcy filing is dave bing. if the waning days of his term he spoke this afternoon and tried to put the best face on things. >> i know there are a lot of people that are upset that are concerned about their futures, but we are now starting from square one. >> reporter: but under the situation now in detroit, the mayor has almost no power. it's all been delegated now to an emergency manager appointed by the state. his name is kevin orr, a bankruptcy lawyer by training. he, too, said today's ruling means detroit could get a fresh start. >> come with us, take this opportunity even in the process of litigation an
CNBC
Dec 9, 2013 6:00am EST
in southern and eastern pennsylvania. up towards the new york city area dancing into parts of connecticut. we're also going to see some snow out there today. additional snowfall 3 to 5 inches in northern sections of maine. 1 to 3 inches in the dark blue color. lighter blue indicates less than an inch. tomorrow on the west coast, they're going to zip over towards the east coast and offer up another area of shower and rain up 2345into the virginias. ice possible in d.c. to philly. snow from d.c. to new york city. could pick up a few inches of snow by the time all is said and done tomorrow. >> andrew, back to you. >>> coming up, talking baseball and beards but not together. >>> also, there is a battle erupting in atlanta over a building. the new stadium for the braves. find out why the tea party is on the grand scam. wall street clean shaven is apparently preferred. was that the story? coming up in the executive edge. rockefeller plaza on this nasty morning. "squawk box" coming back after this. ♪ i want to spread a little love this year ♪ [ male announcer ] this december, experience the gift
CNBC
Dec 3, 2013 3:00pm EST
back to that level. >> saying pretty please. >> also, very serious story out of motor city. detroit is now broke city. a judge ruling a little -- a few hours ago the city's bankruptcy can go forward in what will be the biggest municipal bankruptcy in u.s. history. this is not a huge surprise but is a big disappointment for the pension plan out there. it has much wider implications for investor. anybody that owns a muni bond needs to sit up and pay attention to this story. we'll tell you why and what it mean. >> same for anyone with a pension. >> let's take a look again at markets across the major indexes. we're seeing red, down about 0.7% on the dow jones. nasdaq still above 4,000, off about 12 points or so. that ten-year bond yield, above 2.8% earlier, has sunk after we saw heavy losses across the european session as well today. >> let's talk about today's market action. our "closing bell exchange" joined by meg green from meg green and associates. scott cavanaugh from first foundation. rob morgan from fulcrum securities. mike santoli and rick santelli. i lov
CNBC
Dec 8, 2013 8:00pm EST
workforce. the city of north miami, florida, used to require that all its new police officers be non-smokers. but two years ago, the city quietly dropped the smoking ban. gwendolyn boyd is the city's chief of police. >> we realized that at best we may save 5% on our insurance premium. but now we're having a problem with trying to recruit and hire highly-qualified candidates, and we're competing against agencies that do not have that policy. >> did dropping the policy dramatically change that? were you able to find qualified people? >> i would have to say unequivocally yes. >> officer juan mayato believes that the city ultimately learned that those smokers more often than not made pretty good cops. >> i mean, what does smoking have to do with the way you perform your job out here? there's a lot of people that smoke that are well qualified for this job, and it doesn't affect them. and, you know, they couldn't hire them. >> that was the problem cnn faced. and after 13 years of a ban on hiring smokers, it rescinded the policy. even so, lewis maltby says it's gonna be near impossible to m
CNBC
Dec 2, 2013 6:00pm EST
city and tesla. we do see stretch valuations everywhere. a whole list of analysts brought out twitter and a bunch wanted to buy it on a reasonable valuation in the out years if everything goes right. merrill lynch launched the stock with a sale. merrill chose to use traditional security analysis and found the stock wanting. the others didn't, though. and we have a real case being made for the stock that i think is incredibly expensive by any stretch of the imagination and should be sold. but that's the kind of launching that propelled amazon to nearly four po hundred dollars this morning. again, logic, compelling. if you're a growth manager, and many are, in this stock amazon fits your growth portfolio. that encompasses the rigorous discipline i'm describing. i'm saying i can recognize what a very important cohort of money managers wants to do, which is buy the fastest growing stocks. i can recognize that in a low growth world, the high growth ethos will attract the most money in. the growth oriented managers are not bound by traditional methods of valuation that you and i are think a
CNBC
Dec 2, 2013 6:00am EST
was really bad. >> i just saw robocop last week. >> they were protecting a city, a crime ridden city. >> it was detroit. >> it was detroit which was kind of scary that they picked that. >> can you imagine our great leader jeff bezos with that laugh? >> do we put -- do we put it side by side with megamind? that would be mean. >> exactly. >> tell you guys about the next story. >>> china launched its first ever extra terrestrial landing map en route to the moon. it's being haled as a major milestone to the science program. china will send someone to the moon in 2020 now that we can no longer send someone to the moon. >> we know what's there. we're worried about what they want to use it for at this point. what is this jade thing, it drives around? >> yeah, like a buggy that will go around and check out the surface. >> maybe if it drives everywhere it could find a moon rock more interesting than what we've got. if they could cover the whole rock, the whole satellite. >> maybe they're going to deliver packages. >> maybe they're going to do that. >> deliver amazon packages to the moon. >> i
CNBC
Dec 4, 2013 6:00am EST
. it colluded in both of those, as well. socgen was involved. jpmorgan and citi fined a total of around $80 million and 70 million republspectively. but these guys are paying out more money. back to you. >> so we will see him, right? so plan on that, ross. >> we'll sigh you in a month, i guess. >> you'll be there. the last time i saw ross, we had dessert together. we skipped the meal and went right to dessert. literally. my family was there. he picked me up -- i'm not saying anything -- not that there's anything wrong with that. but we went to the eye. i was barely able to eat after having been on that thing. but then we went -- >> ewe. >> usually we get together for drinks in davos. >> joe, are you going? i'm not going this year. >> what? >> that's why. >> why? >> because joe is. okay. >> i've been saying all the time that's one of the best parts about it is getting to hang out with you. >> well, look -- >> you're right. we don't want it to be all about sex appeal for cnbc. if both of us went, i don't think we'd get -- we wouldn't get anything done. we shouldn't be in the same place, right
CNBC
Dec 4, 2013 4:00am EST
for rigging key benchmark interest rates today. the amount could be 11.7 billion euros. rbs, deutsche and citi are involved. the eu competition manager is expected to announce the fines at 11:30 cet and has warned banks it could be as much as 800 million euros for the each of the groups involved. we'll have coverage of that announcement in just over an hour. >>> the british government and zone unveiling plans to invest billions, but who is set to benefit? we'll discuss the spending spree. >> around 20 minutes. >>> meanwhile, wto ministers trying to solve sticking points. will they finally agree on a global trade agreement? we'll have the latest from bahli. >>> the u.s. labor market is showing signs of healing. we'll preview the adp and nonfarm numbers at 11:30 cet. >>> and we'll stay with the u.s. despite record black friday shoppers. analysts predict more price markdowns. if you have any thoughts or comments, please e-mail us worldwide@cnbc.com. that's where we stand with the news. let's bring you up to speed with global equities right now. we're just over an hour and ten minutes into the tra
CNBC
Dec 9, 2013 9:00am EST
are going to start getting some snow in the city here mid-morning tomorrow. >> i saw total flights canceled, 2800 canceled as of sunday evening. three deaths in dallas over the past few days. it has been rough. >> it was towering on i-95 yesterday. it was closed at one point, just so many accidents. people were just. i know we have that here tonight. that was no way you could use cars. you need an atv. >>> with the market, cramer is here to help you get off to a fast start. we will get his mad dash after the break. one more look that futures. we have three on today. with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. losing thrusters. i need more power. give me more power! [ mainframe ] l
CNBC
Dec 5, 2013 1:00pm EST
rather than help its brick and mortar casinos. caesar's which owns 4 of atlantic city's 12 casinos wrote in a regulatory filing that gambling online could reduce patron visits to its casinos in new jersey and nevada and harm the company's bottom line. but a spokesman at the company downplayed the warning, telling the associated press it had to be included for legal reasons regardless of how likely or unlikely the company believes a potential risk to be, sue, back over to you. >> thanks, dom. >>> big news out of europe. the uk seeing stronger growth ahead and less spending. and after living off eu and imf bailouts for years, greece may finally be getting back in the credit markets. its deputy treasury secretary said today that they're going to be able to borrow again next year. we'll see. chief international correspondent michelle caruso-cabrera joins us. you posed the question before the break. does austerity work? >> not just greece, but portugal, ireland also expected to borrow next year. all had government spending for the most part that was far bigger than their tax revenues would ev
CNBC
Dec 6, 2013 6:00pm EST
and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ >>> in a market where many stocks have run up so much, we're always on the lookout for laggard and losers. it's time for speculation friday. i got a serious comeback play for you to consider. i'm talking about mcdermott, symbol is mdr. mcdermott is a construction firm building offshore oil and gas facilities. the stock has lived up to the old name of murder because if you own mcdermott, you feel like someone has murdered your portfolio. the stock is down 28% for the year in a fantastic year. that is hideous! however, i wouldn't be talking about it unless i believed this ugly dog could be up to new tricks. the truth is this is a fabulous moment for anyone involved, where mcdermott gets 95% of the revenues. in 2013, oil companies spent a record $644 billion in capital expenditures with tons of it going to offshore projects. the brent price is much higher than america. and looks like record offshore spending for years to come given the many re
CNBC
Dec 4, 2013 3:00pm EST
, and almost all that growth is going to be in cities. what's the healthiest and best way for them to grow so that they really become cauldrons of prosperity and cities of opportunity? what we have found is that if that family is moved into safe, clean affordable housing, places that have access to great school systems, access to jobs and multiple transportation modes then the neighborhood begins to thrive and then really really take off. the oxygen of community redevelopment is financing. and all this rebuilding that happened could not have happened without organizations like citi. citi has formed a partnership with our company so that we can take all the lessons from the revitalization of urban america to other cities. so we are now working in chicago and in washington, dc and newark. it's amazing how important safe, affordable housing is to the future of our society. yep. got all the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it for one flat rate. so i knit until it was full. you'd be crazy not to. is that nana? [ male announcer ] fedex one rate. simple, flat
CNBC
Dec 5, 2013 3:00pm EST
states, it won't surprise you it's the west coast. you look at the silicon valley area, city of san francisco which is benefiting from a lot of those young tech people wanting to be in the city, not in the valley. those are very strong markets. we expect they'll continue to be strong markets. when you look at new build development and growth for new hotels, it's not about the united states. it's about the rest of the world. still about asia. >> is it business or is it leisure you're seeing the greatest growth is what i'm getting at? >> we tend to think as consumers about the hotel business as if we're all vacationers. the fact of the matter is, when you look around the globe, probably 75% of our business is business travel or is business meetings. not vacations. obviously that varies dramatically from market to market. what that means is the strength is being driven by the strength of businesses today. more than strength of leisure consumers. that's good, too. >> i want to ask you a quick question about something in the news we've been covering a lot here on the program as well. are
CNBC
Dec 5, 2013 4:00am EST
cities such as chicago, philadelphia and los angeles that are suffering from the rising cost of pensions, causing spending cuts in area like public schools and police departments. joining us with his thoughts, lawrence gotlieb. lawrence, good to see you. charlie is with us in the studio, as well. do you see this decision meaning what i just read out, that, okay, pension holders will be below bondholders? >> well, it's a little early to know that. we know that we have the appropriate forum for taking these issues on. chapter nine has proved to be a valuable resource for places like jefferson county with complex problems. here we have more complex problems. it is too early to know the relative priority of claims. if it were that easy, clearly, there would be more activity in the markets, etcetera. it will be interesting. there are complex issues and important issues that we have to take on. >> what is the most important issue? >> well, here in detroit, we have a shrinking of a tax base, a shrinking of an economic base, and the government and its services have not shrunk around it. and fran
CNBC
Dec 2, 2013 2:00pm EST
the ultra-wealthy are sevening their money into a floating city. that gets your sustains. a free checked bag year attention. with my united mileageplus explorer card. year attention. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country and spend money the way we would in the u.s. when i spend money on this card, i can see brazil in my future. [ anthony ] i use the explorer card to earn miles in order to go visit my family, which means a lot to me. ♪ >>> sign of the time for bitcoins. a college kid held up a sign during espn's game of the day that said, hi, mom. send bitcoin. so far he's received two dozen bitcoins of current prices above $1,000 per bitcoin. the kid has made $24,000. not bad. tonight on "fast money" we'll talk about bitcoin with a currency strategist, talking about a virtual currency. tweet us your question questions @whatthebitcoin. >> i'm watching. bitcoin
CNBC
Dec 3, 2013 7:00pm EST
. that want city got the legal go ahead to file for bankruptcy today. government pension, government benefits are going to get slashed as they must. now the unions are already in full outrage mode. we have a live report on that developing story just ahead on kudlow. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. i'm bet
CNBC
Dec 6, 2013 1:00pm EST
. marriott set to open the tallest hotel in america at 68 stories high, right in the heart of new york city. officially known as the courtyard and residence inn manhattan central park it's two hotels in one with the courtyard on the lower levels and residence inn occupying the upper floors. show you what it looks like. >> this is the residence inn part of the hotel. behind me, magnificent views of central park and midtown manhattan. if you're doing business in manhattan, for an extended period of time, this suite also has a fantastic set of amenities. including a microwave, a refrigerator and a freezer, one of my favorite things, a dishwasher, and basically everything that you need to make yourself at home for a long period of time. we're in the courtyard side of the hotel now and a beautifully appointed bathroom which includes a full size shower and a full size bathtub. you don't get that in many manhattan apartments. as a matter of fact, i think this is bigger than most manhattan apartments. each different section of the hotel has a different theme in terms of color and art. the art was d
CNBC
Dec 4, 2013 2:00pm EST
the cheapest gasoline once again today in oklahoma city, at $2.67 a gallon. that's today's pump patrolp. back to you. >> sharon epperson, thank you very much. coming up, a nearly left for dead tech giant has had an epic breakout this year. it's at a 13-year high. do you know who it is? i know you do because you read the script. >> i do. >> don't give it away. i love a penny for your thoughts on jc penney. i don't. i read that in the prompt ter. we have a real retail throwdown coming your way when "street signs" comes right back. don't throw that. i love having a free checked bag with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country and spend money the way we would in the u.s. when i spend money on this card, i can see brazil in my future. [ anthony ] i use the explorer card to earn miles in order to go visit my family, which means a lot
CNBC
Dec 1, 2013 7:30pm EST
for the city of detroit. a judge is scheduled to rule on whether the city is eligible for bankruptcy. on wednesday, new home sales numbers for september and october will be out. wednesday, the federal reserve releases its beige book, the strength of the economy in different regions the country. we'll get the gross domestic product for the last quarter and on friday, the employment report will tell us how many jobs the economy added or lost during the month of november. finally today if you've heard the printed page is dead, you've heard wrong. a new record was set at auction for a rare book this week. little book of psalms, sold for more than $14 million. it was published in 1640 and is one of only 11 such volumes known to exist. the buyer was david rubenstein of the carlisle group. plans to share the wealth and lend it across libraries across the kucountry to display. next week, the ceo of a community bank that raises friendliness to a new level. each week, keep it here. we're "on the money." have a great weekend. see you next one. a lot more than just powering the equipment. today,
CNBC
Dec 3, 2013 5:00pm EST
show. "fast money" starts right now. live from the nasdaq market site in new york city's time square, i'm melissa lee. is today's pull back different from the others? the keystone pop. oil prizes rising on news. and abercrombie ceo says his company makes clothes for cool kids but he may be an outsider soon. we will have the details coming up. our traders are cool kids themselves. let's get straight to the top story. the dow down more than 1%. fears of the fed taper rearing its head again. >> if you're bullish you want this to happen. you should be happy that we're moving closer to 1760 than ax accelerating to 1825. karen made the point it's all well and good. it is interesting that we have had three days of sell offs. some of the leadership is starting to give way. i think if you want to be bullish you want this to test and see if we hold. i think we're going to do it. >> we had once again russel underperformance. we had weakness in the financials in the past couple of sessions. weakness in cyclicals and weakness in industrials. weak again today. is it a little bit different? >> it's di
CNBC
Dec 1, 2013 11:00pm EST
. across the country has brought me to the lovely city of boston. cheers. and seeing as it's such a historic city, i'm sure they'll appreciate that geico's been saving people money for over 75 years. oh... dear, i've dropped my tea into the boston harbor. huhh... i guess this party's over. geico. fifteen minutes could save you fifteen percent or more on car insurance. [ticking] >> in silicon valley, every time a company raises over $100 million and they haven't come out with their product yet, everybody starts getting the heebie-jeebies. >> michael kanellos is the editor-in-chief of the website greentech media. how has bloom gotten to have such an enormously high profile? of most of the companies out here, that's the one you hear about. >> yeah, you do. and it's a cool idea. you know, they want to almost make instant energy. but they're also kind of sprinkled with stardust. you know, al gore talks about them. you see the ceo palling around with tom freidman at davos. so there's a certain whiff of celebrity. >> you're very skeptical. i can see this, obviously. >> i'm skeptic
CNBC
Dec 2, 2013 4:00am EST
for city dwellers so well. if it drops packages on the porch, who will pick them up? there we go. interesting idea. send us your views. e-mail us or tweet or, indeed, direct to me @rosswestgate. >>> still to come, the ties remain strong despite washington and tell a viv giving given views. they say the relationship is good. honestly, i wanted a phone with a better camera. my boyfriend has a lot of can't-miss moments. i checked out the windows phones and saw the lumia 1020 has 41 megapixels. so i can zoom way in even after i take the picture. and i can adjust the shot before i take it so i get it exactly how i want. so, i went with a windows phone. maybe i just see things other people don't. ♪ honestly ♪ i wanna see you be brave ♪ >>> israel's finance minister, meanwhile, has praised negotiations between the u.s. secretary of state john kerry and the palestinians. hadley gamble has been sitting down with pierre lapede and asked him about the strength of israel's position in europe and distancing himself from the palestine dispute. >> the problem we had was the e.u. was over
CNBC
Dec 3, 2013 4:00am EST
has bought a sizable chunk of the area next to the city of london. so that gives the china business an opportunity to be near the financial center, bring in china's businesses to london. but, of course, london is a launching plat for china's businesses all around europe. so i think london is very well positioned, indeed, in terms of financial services. >> boris johnson will hear you be delighted, actually, to hear you suggest london is the financial center of the world particularly as you're sitting there in hong kong. which brings us on to how america feels about cameron out there trying to beat, drum up a trade agreement between china and the eu. how does that pitch against u.s. relationship wes japan and that asian pivot? >> well, of course, this is a -- we are seeing what's happening in this part of the world over the south china sea. it is a great power play between two world powers, the united states as the existing super power and china as an emerging challenger. so you can see the asian pivot and all these problems arising over the territorial disputes have been accentuated.
CNBC
Dec 4, 2013 11:00pm EST
predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ >>> last friday, while america was working through its post-traumatic stress after thanksgiving, i happened to stumble upon a terrific story in bloomberg. consumers power canada's economy to the best growth in two few years. while it's stoked by business investment and strong consumer spending. the canadian stock market has been on -- it's been a real dog for a while now. it's underperformed the s&p 500 for the last three years. only up 7.1% in 2013. the third worst of any developing country. meanwhile, the canadian dollar has been crushed over the last twelve months, with one loonie equal to 1.95 u.s. cents. but if the canadian economy is coming back, as the gross domestic product numbers suggest, then the incredible underperformance could smack of a real opportunity here. yes, it might be time to play catch-up as our neighbors to the north begin to pick up the steam. that's why tonight we're taking a page from the canadian national anthem. you know, o canada, glorious and free.
CNBC
Dec 5, 2013 6:00am EST
yesterday and you could already feel -- >> the middle of the city, which is already a hellish nightmare of congestion and beeping horns and -- >> you are a grinch. >> huh? >> you are a grinch. >> i'm just saying when they light that tree it becomes ten times worse. everyone has to see it. it looks the same as last year. >> you have to admit, when you're there and you bring the kids in -- >> don't urge people to go and see this spec tract lar. it just means there will be more people there clogging up the streets. i have to go in there tonight. that's the problem. how do i even get -- you need i.d. to get past the blockade to get near 30 rock. >> grinch. >> am i a greasy pa ban ana pee? >> you are. >> it's beautiful. it's a huge pain. anyway, in corporate news, apple dominating the headlines. "the wall street journal" reports apple and china mobile have signed a deal to distribute the iphone on the chinese carrier's network. we're talking about a pretty big potential number of people, right? it's a lot of people. chiev china said it's going to award china mobile, china telecom licenses to
CNBC
Dec 6, 2013 6:00am EST
can tell you something. i went into the city last night, i had to for something. but i got in an argument with someone and i was dictating on the iphone. and i'll show you the messages that i dictated, big words. >> but then the guy who was driving your car heard everything you were saying. >> he did. >> there are times and places where you don't want to be dictating everything into your phone. >> i hope he's not a die hard warmist. i said things like orthodoxy. and it picked up everything. it picked up everything that i said perfectly. >> really? >> paragraphs. i could have never -- even on a blackberry, i could have never composed these -- >> did it capitalize the words while you were yelling? >> it was a stream of conscio consciousness. there weren't periods and -- and curse words. corporate curse words. >> voice capture does not work so well. >> even the curse words that you don't know if it's one word or two. >> it's the greatest things. it works perfectly. >> i'm done with keyboards. >> ", man. >> i continue to struggle with the virtual keyboard on my z-10. >> you're
CNBC
Dec 6, 2013 3:00pm EST
entire cities. so the turbines of today... will power us all... into the future. ♪ >>> we're seeing one of the best days for the dow jones in the past month or two. up about 180 points just around that 16,000 line. the nasdaq, interestingly enough today, is a little laggard. only about 0.7 of 1%, 29 points. here's a look at the s&p 500. it is up in the range of 18 points, about 1%. 1803. >> we need 1805.81 to be positive for the week. >> that's right. >> it would be the ninth straight positive week. first time that's happened since january. >> all up there. today's strong jobs report is a rare example of where good news was actually good news for the markets. as far as it's concerned, as far as fed policy goes, right? >> we'll see. our jeff cox says this is essentially the stock market giving the fed permission to start tapering. we brought him here to talk about that. also with us is matthew slaughter, economics professor and associate dean at dartmouth's tuck school of business. thank you for being here. >> good afternoon. >> jeff, permission to taper, what do you mean by that? >> loo
CNBC
Dec 5, 2013 7:00pm EST
to the lovely city of boston. cheers. and seeing as it's such a historic city, i'm sure they'll appreciate that geico's been saving people money for over 75 years. oh... dear, i've dropped my tea into the boston harbor. huhh... i guess this party's over. geico. fifteen minutes could save you fifteen percent or more on car insurance. [ male announcer ] this december, experience the gift of unsurpassed craftsmanship at the lexus december to remember sales event. some of the best offers of the year. this is the pursuit of perfection. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and stadiums. but, of course, it's a good listener too. [ female announcer ] today cisco is connecting the internet of everything. so everything works like never before. >>> let's return to the tragic news of south africa president nelson mandela's death
CNBC
Dec 9, 2013 2:00pm EST
and we're looking at the cheapest price for gasoline once again in oklahoma city. $2.69 a gallon. nationally gasoline prices have inched up but they've steadied over the last several days at $3.26 a gallon. prices could continue to fall as we see refineries picking up run rates an also demand declining with fewer drivers wanting to be on the icy roads. that's today's pump patrol. back to you. >> all right. thank you very much. >>> meantime that big storm taking a toll on flyers and airports today. delays piling up from chicago to boston to atlanta to bangor and who knows where else. phil lebeau does. let's first get to that before we talk about american airlines. how bad is it out there? >> it's not too good. you know what, i should say it's improving here at dfw. when i flew in last night i arrived at 3:30 in the morning, my flight was supposed to arrive at 10:00. it was a mess. and it was a mess on the roads heading to american's headquarters. it's a little bit better now. we're starting to see fewer canceled flights. so gradually it's getting back to normal here in dallas. >>
CNBC
Dec 2, 2013 5:00pm EST
years ago when the world almost came to an end. which you can see in the vix. but new york city stock exchange we talk about many times on the show as record levels. do those things concern you at all? >> have to. we are in unchartered waters. a bubble consists of oef valuation, over ownership and over leverage. i think the proeblt of that is very low. >> bob, great to see you. >> it certainly was a little bit of a tough day. you're asking about some of the stocks. wasn't sure of the sheer volume of it. certainly there was some plays to the up side. but despite that, we saw players come in and buy calls. april 14 calls were brought today. pretty big sides today paying 31 cents. >> options action.cnbc.com. >> i cooked a turkey. a 12 pound turkey. my potato latkas, they were not that good. not surprising. >> international service. how long might the wait be? the ceo of go go is next. >> welcome back. here is a rapid fire recap. >> i mean, to move it out of our systems is going to take us 12 to 24 months. >> it's about 15% of our asset base. >> large retailers are cautious this year. >>
CNBC
Dec 6, 2013 5:00pm EST
the nasdaq markets in new york city's times square, i'm melissa lee. here's the lineup. taper trades, great jobs report. huge reaction in the markets. so with taper clearly on the table, should you stick with what's working? or is it time to look somewhere new? rally rejects, not every stock getting a pop today. is it time to buy the momentum sitting out today's rally. watch out for cleon, one commodity to a six month high today. we have the trade coming up. our traders are tim seymour, steven p. grass oh, guy adami. the top story, the job market rally. the s & p bouncing back. and the dow reclaiming 16,000 finishing up under 200 points, this after november's blowout jobs report. guy adami, were you surprised with this? >> yes. this is why having information, you can get in trouble. if i had known going in the print would be 7% with that number i would say the s & p would be down 25 handles today. that would have been my bet, clear would have been completely wrong. we talked about this. tim mentioned this earlier on the earlier show. good news is good news now. which is remarkable, because
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